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Atishay Ltd.

BSE: 538713 Sector: IT
NSE: N.A. ISIN Code: INE011R01013
BSE LIVE 15:40 | 26 Sep 123.90 -6.30
(-4.84%)
OPEN

130.00

HIGH

131.00

LOW

121.05

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 130.00
PREVIOUS CLOSE 130.20
VOLUME 714
52-Week high 150.00
52-Week low 45.00
P/E 42.72
Mkt Cap.(Rs cr) 136
Buy Price 124.10
Buy Qty 514.00
Sell Price 0.00
Sell Qty 0.00
OPEN 130.00
CLOSE 130.20
VOLUME 714
52-Week high 150.00
52-Week low 45.00
P/E 42.72
Mkt Cap.(Rs cr) 136
Buy Price 124.10
Buy Qty 514.00
Sell Price 0.00
Sell Qty 0.00

Atishay Ltd. (ATISHAY) - Chairman Speech

Company chairman speech

Dear Shareholders

As we look back on our operations in FY2017 we see many bright spots and it has been atremendous journey. Our company delivered solid results in FY2017 while navigatingthrough challenging business environment. We began with a clear purpose pursued our goalssincerely and have built an organisation on strong pillars of integrity transparency andethical business practices. Our performance this year and our strong position for futuregrowth are deeply rooted in a proven strategy focused on creating long-term shareholdervalue.

Committed to Value Creation

Our rich heritage helps us deliver consistent value for the Group and helps usestablish ourselves as a leading information driven company. Today we have a diversifiedplatform of offerings strong relationships with our customers encouraging escalation inrevenues and improvement in profitability. We have a proven track record of handlingGovernment projects with an ability to provide efficient solutions to the complicatedissues. This coupled with strong management industry expertise in IT and e-governanceservices and on-time delivery of services is helping us deliver solutions that aredynamic and adaptive and also broaden our customer base and expand our scope of services.

We seek increased value by enabling every Indian to seamlessly benefit from a wideraccess to basic services.

Building a Sustainable Future

We provide a wide range of database management solutions and e-Governance services. Ourdiverse range of services give us a unique and powerful standing in the marketplace. Weare also devising newer and innovative business models for some of our existing verticalsand rolled out a bigger canvas to catapult our business to newer orbits of growth. Weendured new business frontiers and ventured deeper into our existing verticals to ensurescalable and sustainable growth.

We continue to leverage the growing opportunity landscape by capitalising on theGovernment's emphasis on gaining last-mile connectivity. In the e-Governance space wehave developed capabilities of processing data of 8.5 crore individuals in 21 days. Underthe Election Commission vertical we are in the process of adding Gujarat and Rajasthanstates and expanding our scope further. Our verticals on Aadhaar enrollment and Aadhaarauthentication are running profitably.

Our new business model of setting up e-Mitras and have identified 2000 Village LevelEntrepreneurs who will deliver multiple services at a single location. We intend settingup one e-Mitra centre at a distance of every half a kilometer. The model helps us leveragethe existing infrastructure for providing other services. The year also witnessed ourforay into new verticals to de-risk the portfolio and lend stability and predictability toour revenues. In a span of less than one year of its launch Hotel Atishay at BhopalMadhya Pradesh is clocking 80-82% average monthly occupancy. Our strategic locationworld class design and superior functionality will enable us cater to affluent anddiscerning customers.

Financial Review

With customer focus and superior execution skill we witnessed decent performancecatalysed by a value-accretive mix of a diverse portfolio and governed by a conservativeoperating philosophy. Our ability to deliver on clients' imperatives yielded solidperformance across our business segments.

During the financial year FY2016-17 our revenue grew by 24.28% as compared to theprevious fiscal year of FY2015-16. For FY2017 our net profit margin was 14%. During theyear the Earnings Per Share was Rs 3.03 which was higher against the previous year of Rs2.73 per share.

Further the Company diversified its business areas and has entered into thehospitality industry in the name of Hotel Atishay a unit of Atishay Limited (FormerlyKnown as Atishay Infotech Limited) and recorded a turnover of Rs 513.05 Lakhs from theHotel and its Hospitality business.

Our Competitive Advantages

We are consistently building a culture of creating strategic long-term businessrelationships. Our endeavor has been to develop high levels of engagement and commitmentto our shareholders business associates and customers. We are making the rightinvestments in infrastructure technology and talent to scale growth.

We have talent technology and teamwork to deliver winning outcomes in existingbusinesses and to foray into new frontiers. Over the years we have set up long lastingand mutually beneficial business associations. We are investing in building a strongtalent pool and providing an encouraging environment for individuals to learn and growand teams to win. Our human resources policies are designed to ensure a healthy and safeworkplace provide equal opportunity and encourage diversity.

Moving Ahead

At the onset of a growth curve we are functioning to develop our business strategywith enough to meet the needs of changing times. FY2018 will be all about reaping thebenefits of our large-scale initiatives and delivering higher stakeholder growth. Ourconstant endeavor will be to draw synergies between our verticals deliver superior clientservice leverage our core IT expertise growing project pipeline existing infrastructureand track record of handling government projects to capture a further pie in the marketand increase our geographical presence.

We are also accelerating our pace of investment to advance our strategy to chart ourfuture growth trajectory with the same values ethics and principles.

I am deeply grateful to our shareholders our team our customers and business partnerswho have always supported us and have placed their trust in our vision and capabilities.

Warm Regards

Akhilesh Jain

Chairman & Managing Director